Reiterating that I think max value for GME is after the earnings call on March 23rd. Earnings are going to be strong with the two new consoles showing up in some stores before Christmas. But the guidance post call is what we all need/want to hear. This will be the first time we hear the Ryan Cohen led transformation plan and I expect it will be a giant catalyst to raise the price of the stock.
March 19th has always been where the call options trigger max pain. Even if the stock finishes flat all week, this call option train is twice what what we have witnessed the last two weeks (and look how the stock ran up).
People will be buying with their stimulus checks this week. The Congressional hearing part 2 is also this week as is the Hulu special Game-Stopped.
We have seen massive support for this stock at below $250. Sure it could be tempting to sell if this stock hits $300, 350, etc this week, but what's the real downside of just waiting until after earnings? Do you really think it will instantly become less than a $200 stock? Contrast that with the upside. If the call train triggers, nothing really stops the stock to blast through the $800 calls. And then those calls need to be covered right as the guidance has everyone excited for the future.
GameStop is now being branded as a digital first property. It's value will be based as a factor of revenue going forward. Gaming is bigger than pet food and that previous Cohen business (Chewy) now has a market cap of $44B.
Unless this stock eclipses $500 this week, I will be holding all of my shares through the Earnings call. Even above $500+, I will be holding the majority of my shares through this call.